Description
HDFC Securities Limited has listed new commercial paper worth Rs. 305 crores on BSE debt segment with 91-day maturity.
Summary
HDFC Securities Limited has successfully listed new commercial paper securities worth Rs. 305 crores (6,100 units of Rs. 5 lakh each) on BSE’s debt segment. The commercial paper was issued on private placement basis with a 91-day maturity period.
Key Points
- Issue size: Rs. 305 crores (6,100 units of Rs. 5,00,000 each)
- Issue price: Rs. 4,92,219.50 per unit (discount to face value)
- Credit rating: CARE A1+, ICRA A1+ (highest short-term rating)
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
- Scrip code: 730010, ISIN: INE700G14PJ6
Regulatory Changes
No regulatory changes introduced. Standard commercial paper listing process followed.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading permitted only in standard denomination of Rs. 5 lakhs and multiples
- HDFC Bank Ltd acts as Issuing and Paying agent
Important Dates
- Allotment date: August 12, 2025
- Trading commencement: August 12, 2025
- Redemption date: November 11, 2025
- Maturity period: 91 days
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The high credit ratings (A1+) indicate strong creditworthiness of HDFC Securities. The short-term nature (91 days) provides liquidity options for institutional investors in the debt market.
Impact Justification
Routine commercial paper listing with no market-wide implications